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The Economic Times
The Economic Times

BlackRock assets hit record $15 trillion on boost from buoyant markets, ETF inflows

BlackRock ETF iShares Larry Fink Stock Market

BlackRock beat ​Wall Street estimates for second-quarter profit on ​Wednesday as a stock market rally lifted the value of client assets and investors poured ​money into its exchange-traded funds, sending its shares up 6% in premarket trading.

Assets managed by the New York-based firm rose to a record $15.34 trillion in the quarter, up from $12.53 trillion a year earlier and $13.89 trillion in the first quarter.

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